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Leo Michael's best of 2024
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Automakers must reassess their electric vehicle plans as President-elect Donald Trump moves back to the White House. Noted one expert: “Virtually every OEM that’s selling in the U.S. market is war-rooming right now.”
(LEO MICHAEL/AUTOMOTIVE NEWS)
How will artificial intelligence affect the way you work?
(Leo Michael/AUTOMOTIVE NEWS)
General Motors’ Cruise has abandoned its robotaxi plans, leaving those efforts up on blocks as it turns attention to advanced driver-assistance features.
(AUTOMOTIVE NEWS/LEO MICHAEL)
Nissan says it will give retailers escalating bonuses on the Rogue, Pathfinder and Frontier if they reach or exceed October sales targets. It's the return of a scorned sales practice to help lift margins and market share.
(Leo Michael/AUTOMOTIVE NEWS)
Car buyers in Silicon Valley, where Tesla was born, are turning away from the brand as its models grow stale, EV competition heats up and the liberal majority there rebuffs CEO Elon Musk's rightward political shift.
(LEO MICHAEL)
President Joe Biden is hiking tariffs on a wide range of Chinese imports — including semiconductors, batteries, solar cells, and critical minerals — in an election-year bid to bolster domestic manufacturing in critical industries.
(LEO MICHAEL)
Automakers are pressing the pause button on various investment plans to bring new electric cars and trucks to the U.S. market amid a slowdown in interest from consumers.
(LEO MICHAEL)
About 56% of Mercedes plant workers in Alabama voted against joining the UAW, a defeat that comes less than a month after the union won a similar election at Volkswagen in Tennessee.
(LEO MICHAEL)
Same-store finance and insurance gross profit per vehicle fell at five of the top six public auto dealership groups in the first quarter 2024 compared with the first quarter of 2023.
(LEO MICHAEL)
While automakers discount the electric vehicles they pledged to pour billions of dollars into, trusty hybrids are gaining traction in the U.S.
(LEO MICHAEL)
Two weeks after cyberattacks shut down CDK Global and disrupted auto sales in the United States and Canada, the dealership management system company said on July 2 that most of its customers were back online, a day or so earlier than expected.
After the most profitable multiyear stretch in industry history — aided by limited inventories — do automakers and dealers have the discipline to keep the profit party going?
(LEO MICHAEL)